Following the terrorist attacks of September 11, the realization that this country had gaping holes in its security systems led to the creation of the Department of Homeland Security. While there is some criticism about the largesse that has been wasted as the agency has found its footing, a whole industry has sprung up around defending our borders and ensuring everyone's health and safety.
Of course, behemoth corporations like Boeing
InVision Technologies, a top supplier of airport bomb-detection equipment, became a poster child of what the "homeland security dividend" could pay investors. It was purchased for $900 million by General Electric this past December, though it just recently paid a $1.1 million fine to settle fraud charges stemming from bribes it paid to Thailand to get its equipment used there.
The stock of Armor Holdings
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Even companies that hover between the micro-cap and small-cap range are finding homeland security to be profitable. At tiny TVI
What it comes down to is that investing in our nation's defense is not only vital, but can be quite profitable, too. Not every company that bills itself as being in the Homeland Security industry will ultimately win the war of investor success.
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Fool contributor Rich Duprey wages war daily against a growing waistline. He owns shares in TVI, but does not own any of the other stocks mentioned in the article.